tiprankstipranks
Trending News
More News >
Amicus Therapeutics (FOLD)
NASDAQ:FOLD
Advertisement

Amicus (FOLD) AI Stock Analysis

Compare
1,036 Followers

Top Page

FOLD

Amicus

(NASDAQ:FOLD)

Rating:55Neutral
Price Target:
$8.00
▲(1.91% Upside)
Amicus Therapeutics' stock score is primarily influenced by its financial performance challenges, including high leverage and negative profitability. However, strong technical indicators provide a positive short-term outlook. The valuation remains a concern due to the negative P/E ratio and lack of dividend yield.
Positive Factors
Financial Performance
Amicus reported strong revenue growth and continued momentum in its core Pompe and Fabry disease franchises, positioning the company for GAAP profitability.
Market Expansion
Several additional ex-US launches are progressing, including in the Netherlands, which has the highest prevalence of Pompe disease in Europe.
Product Launches
Pombiliti+Opfolda launch is starting to gain traction with strong new patient starts across various global launches.
Negative Factors
Competition
Taking meaningful market share away from Sanofi's ERTs will remain a challenge.
Financial Challenges
FOLD reported a 2Q25 GAAP net loss of $24.4M, with an EPS of ($0.08), highlighting ongoing financial challenges.
Revenue Guidance
FY25 total revenue guidance was lowered from +17-24% at CER to +15-22% at CER due to an unexpectedly higher UK VPAG rebate rate.

Amicus (FOLD) vs. SPDR S&P 500 ETF (SPY)

Amicus Business Overview & Revenue Model

Company DescriptionAmicus Therapeutics, Inc., a biotechnology company, focuses on discovering, developing, and delivering medicines for rare diseases. Its commercial product and product candidates include Galafold, an oral precision medicine for the treatment of adults with a confirmed diagnosis of Fabry disease and an amenable galactosidase alpha gene variant based on in vitro assay data. It also develops AT-GAA, a novel treatment paradigm for Pompe disease; enzyme replacement therapies for Pompe diseases; CLN3, which is in Phase 1/2 clinical study to evaluate the safety and efficacy of a single intrathecal administration of an AAV serotype AT-GTX-502 gene therapy in patients with CLN3; and CDKL5, a gene on the X-chromosome encoding the CDKL5 protein that regulates the expression of essential proteins for normal brain development. The company has collaboration and license agreements with Nationwide Children's Hospital; University of Pennsylvania; and GlaxoSmithKline. Amicus Therapeutics, Inc. was incorporated in 2002 and is headquartered in Philadelphia, Pennsylvania.
How the Company Makes MoneyAmicus Therapeutics generates revenue primarily through the development and commercialization of its pharmaceutical products. The company earns money by selling its approved therapies directly to healthcare providers and through partnerships with larger pharmaceutical companies that may involve co-development or licensing agreements. Key revenue streams include sales of its lead products, such as Galafold (migalastat) for Fabry disease, which has been approved in various markets. Additionally, Amicus may receive milestone payments and royalties from collaborations with partners, contributing to its overall financial performance. The company's ability to secure reimbursement agreements with insurance providers and government healthcare programs also plays a critical role in its revenue generation.

Amicus Earnings Call Summary

Earnings Call Date:Jul 31, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong quarter for Amicus Therapeutics with significant revenue growth and strategic advancements, particularly in Galafold and Pombiliti/Opfolda sales. Despite increased operating expenses and a decline in non-GAAP net income, the company's positive revenue trajectory, successful product launches, and advancements in their strategic partnership with Dimerix for DMX-200 highlight a positive outlook.
Q2-2025 Updates
Positive Updates
Double-Digit Revenue Growth
Amicus delivered its 17th consecutive quarter of double-digit revenue growth at constant exchange rates, with a 22% increase in total revenue to $154.7 million over the same period in 2024.
Strong Galafold Performance
Galafold revenue reached $128.9 million this quarter, up 12% at constant exchange rates and 16% in reported terms, ending the quarter with over 69% global market share for treated Fabry patients with amenable mutations.
Pombiliti and Opfolda Sales Growth
Revenue for Pombiliti and Opfolda reached $25.8 million, up 58% at constant exchange rates, with strong sales growth driven by new launches in several countries.
Positive Financial Outlook
The company reiterated its expectation to achieve positive GAAP net income during the second half of 2025, reflecting strong financial discipline.
Advancement of DMX-200
The strategic partnership with Dimerix for DMX-200 in late-stage Phase III development for a rare kidney disease marked a key milestone with the ACTION3 pivotal study on track for full enrollment by year-end.
Negative Updates
Increased Operating Expenses
Total GAAP operating expenses increased to $148.9 million for the second quarter, a 48% increase compared to the same period last year, driven in part by a $30 million upfront payment for DMX-200.
Slight Increase in Cost of Goods Sold
Cost of goods sold as a percentage of net sales increased to 10% for Q2 compared to 9% in the same period last year.
Non-GAAP Net Income Decline
Non-GAAP net income in Q2 2025 was $1.9 million, significantly lower than $18.5 million in the second quarter of 2024.
Company Guidance
During the Amicus Therapeutics Second Quarter 2025 Financial Results Conference Call, the company provided an optimistic guidance for the remainder of the year. They reported their 17th consecutive quarter of double-digit sales growth at constant exchange rates (CER), with Galafold achieving 13% year-over-year patient growth. The company projects that Galafold will reach its highest number of global patient starts this year. Additionally, they expect Pombiliti and Opfolda to achieve combined sales of $1 billion by the end of 2028, driven by a 50% to 65% growth at CER in 2025. Amicus also reiterated their confidence in achieving GAAP profitability in the second half of 2025. Furthermore, they announced the advancement of their strategic partnership with Dimerix and the DMX-200 compound, which is on track for full enrollment in the ACTION3 pivotal study by year-end. Overall, Amicus emphasized its strong financial discipline and strategic focus on expanding market reach and improving patient access, positioning the company for sustained growth well into the future.

Amicus Financial Statement Overview

Summary
Amicus shows strong revenue growth and gross profit margins, but persistent net losses and high debt levels indicate financial instability. Cash flow metrics are improving, but profitability and financial flexibility remain challenges.
Income Statement
65
Positive
The company shows a positive revenue growth trend with a TTM (Trailing-Twelve-Months) revenue of $543.1 million, up from $528.3 million in the previous annual period. Gross profit margin remains strong at approximately 91%. However, the net profit margin is negative due to consistent net losses, indicating profitability challenges. EBIT and EBITDA margins have improved but remain low, suggesting limited operational efficiency.
Balance Sheet
55
Neutral
The company's debt-to-equity ratio is relatively high, indicating significant leverage, which could pose a financial risk. The equity ratio stands at 24.5%, showing a moderate proportion of equity financing. The return on equity is negative due to net losses, highlighting the company's struggle to generate returns for shareholders.
Cash Flow
60
Neutral
The free cash flow has turned positive in the TTM period, showing improvement from the previous annual period. The operating cash flow to net income ratio is positive, indicating some level of cash generation from operations. However, the free cash flow to net income ratio remains low, pointing to challenges in converting earnings into cash flow.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue571.16M528.29M399.36M329.23M305.51M260.89M
Gross Profit516.13M475.35M362.03M290.63M271.05M229.84M
EBITDA33.06M29.39M-92.08M-199.58M-202.87M-242.98M
Net Income-38.10M-56.11M-151.58M-236.57M-250.46M-276.85M
Balance Sheet
Total Assets815.30M785.03M777.88M724.17M905.14M886.52M
Cash, Cash Equivalents and Short-Term Investments231.00M249.95M286.20M293.60M482.50M483.27M
Total Debt443.31M443.64M445.06M452.12M440.13M441.73M
Total Liabilities611.00M590.99M617.71M601.12M597.77M600.14M
Stockholders Equity204.30M194.04M160.17M123.05M307.37M286.38M
Cash Flow
Free Cash Flow-48.91M-37.44M-76.53M-170.34M-206.38M-236.52M
Operating Cash Flow-45.66M-33.89M-69.09M-166.57M-202.49M-233.29M
Investing Cash Flow-24.76M-560.00K98.06M92.32M78.76M-13.58M
Financing Cash Flow7.19M5.12M61.68M-7.46M212.07M262.86M

Amicus Technical Analysis

Technical Analysis Sentiment
Positive
Last Price7.85
Price Trends
50DMA
6.61
Positive
100DMA
6.50
Positive
200DMA
7.90
Negative
Market Momentum
MACD
0.34
Negative
RSI
71.07
Negative
STOCH
78.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FOLD, the sentiment is Positive. The current price of 7.85 is above the 20-day moving average (MA) of 7.34, above the 50-day MA of 6.61, and below the 200-day MA of 7.90, indicating a neutral trend. The MACD of 0.34 indicates Negative momentum. The RSI at 71.07 is Negative, neither overbought nor oversold. The STOCH value of 78.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FOLD.

Amicus Risk Analysis

Amicus disclosed 67 risk factors in its most recent earnings report. Amicus reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Amicus Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
58
Neutral
$3.56B-108.49%20.02%33.45%
55
Neutral
$2.43B-22.62%25.35%69.35%
54
Neutral
$2.89B-182.60%26.77%24.18%
52
Neutral
$3.14B-36.94%-9.10%
51
Neutral
$7.90B-0.33-41.70%2.23%23.45%-1.99%
50
Neutral
$3.18B-172.08%-29.50%
45
Neutral
$2.63B-77.58%-48.38%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FOLD
Amicus
8.02
-3.63
-31.16%
RARE
Ultragenyx Pharmaceutical
31.55
-23.69
-42.89%
APLS
Apellis Pharmaceuticals
28.65
-12.40
-30.21%
SRRK
Scholar Rock Holding
34.38
26.35
328.14%
CRNX
Crinetics Pharmaceuticals
34.65
-15.74
-31.24%
IMVT
Immunovant
16.70
-17.33
-50.93%

Amicus Corporate Events

Executive/Board ChangesShareholder Meetings
Amicus Stockholders Approve Directors and Equity Plan
Neutral
Jun 5, 2025

At the 2025 Annual Meeting of Stockholders held on June 5, 2025, Amicus‘s stockholders elected four Class III directors for a three-year term and approved the 2025 Equity Incentive Plan. They also ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, and approved the executive compensation on an advisory basis.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 22, 2025